"Safe" investment, maybe gold?

[ATM]

DonkeyApple said:

The problem with gold is that it is catnip for pensioners, like UPVC windows, solar panels, minibonds and emails from Boca Raton mailing lists.

I'm feeling like a pensioner now.

[Mark Benson]

ATM said:

DonkeyApple said:

The problem with gold is that it is catnip for pensioners, like UPVC windows, solar panels, minibonds and emails from Boca Raton mailing lists.

I'm feeling like a pensioner now.

I'm still deciding whether I am or not at around 10% physical gold (in a vault, not under the floorboards). Haven't dipped a toe in crypto so this is my 'inept government can't regulate/deregulate/devalue' part of the portfolio.

[DonkeyApple]

Mark Benson said:

ATM said:

DonkeyApple said:

The problem with gold is that it is catnip for pensioners, like UPVC windows, solar panels, minibonds and emails from Boca Raton mailing lists.

I'm feeling like a pensioner now.

I'm still deciding whether I am or not at around 10% physical gold (in a vault, not under the floorboards). Haven't dipped a toe in crypto so this is my 'inept government can't regulate/deregulate/devalue' part of the portfolio.

10% would appear at a high end allocation but if someone held a strong and thought out view that there was greater risk in key areas than the market was pricing then assuming balance in other areas it wouldn't be a shocker.

[DonkeyApple]

ATM said:

DonkeyApple said:

The problem with gold is that it is catnip for pensioners, like UPVC windows, solar panels, minibonds and emails from Boca Raton mailing lists.

I'm feeling like a pensioner now.

I have some tarmac left over from a council job. I can redo your driveway for a really good price. Cash like.

[ATM]

DonkeyApple said:

ATM said:

DonkeyApple said:

The problem with gold is that it is catnip for pensioners, like UPVC windows, solar panels, minibonds and emails from Boca Raton mailing lists.

I'm feeling like a pensioner now.

I have some tarmac left over from a council job. I can redo your driveway for a really good price. Cash like.

I need some new Slippers first and then I'm thinking about UPVC windows but with Triple Glazing.

[Mark Benson]

ATM said:

DonkeyApple said:

ATM said:

DonkeyApple said:

The problem with gold is that it is catnip for pensioners, like UPVC windows, solar panels, minibonds and emails from Boca Raton mailing lists.

I'm feeling like a pensioner now.

I have some tarmac left over from a council job. I can redo your driveway for a really good price. Cash like.

I need some new Slippers first and then I'm thinking about UPVC windows but with Triple Glazing.

Have you thought about providing something for your loved ones when you're gone, perhaps to help with funeral expenses so they don't stick you in a cardboard coffin and leave you in an unmarked grave. You know who we mean, the kids that never visit. Or call. Unless they want you to babysit. Or lend them money. The ungrateful bds.
We have the solution in the form of an overpriced insurance product. You're guaranteed to be accepted and you'll even get a cheap pen and the warm satisfaction that some celebrity you thought was dead endorses what you're doing.
Call today and enquire - although we say it's no obligation some shiny suited 19 year old on commission only will happily guilt you into signing up by asking how you'd feel if your grandkids (who you never see) felt left out after you've gone and had your cat put down out of spite.

[DonkeyApple]

Tell me more about this pen? Is it painted gold?

[Mark Benson]

DonkeyApple said:

Tell me more about this pen? Is it painted gold?

Only if you sign up for our exclusive Gold Member scheme. For that you also get a clock-radio (AM only) and a backrub from Carol Vorderman (* conditions apply).

Not everyone can handle the exclusive benefits of Gold.....

[RichTT]

Is that the same pen advertised in the nice brochure I got through the other day advertising stretch fit tope trousers, bath tubs with easy access doors and orthopedic recliners?

[DonkeyApple]

Now, if someone were to say they were buying vast numbers of overpriced gold coins as it was the only way to stop themselves from buying solar panels, windows, tarmac and walk in bath tubs or that the wife was becoming suspicious of the massive plastic pen collection then I'd at least concede that their excessive investment in ugly bird decorations had some validity.

[RSTurboPaul]

More interesting analysis from DitchTheDeepState of WallStreetSilver reddit:

https://www.reddit.com/r/Wallstreetsilver/comments...

DtDS on WSS said:

Seven days to go and 16% of the entire comex registered metal is needed to settle the remaining December contracts. That is 10 times average.

DtDS on WSS said:

How's that 16% compare to prior months? The average is 1.6% and the highest prior month was 5.4% which was the epic July 2020 contract which antagonized the deep state and resulted in a blow out of 82 million oz delivered.

See the plot below of open interest as a fraction of registered silver. Note that it is a log scale. I suppose if I was a showman I'd portray it on a Cartesian plot so all the other months were mashed down at near zero. This December contract is 10 times the average.

[DonkeyApple]

What day is the apocalypse this week?

It's got to be worth checking the world outside of Reddit?

[Rude_Boy]

Gold bugs

If I want to bet against the Japanese CB managing to keep their latest peg at 0.5% how would i do that - as a simple retail trader?

[RSTurboPaul]

Ghana to buy oil with gold instead of USD:

https://twitter.com/KinesisMonetary/status/1612397...

[DonkeyApple]

RSTurboPaul said:

Ghana to buy oil with gold instead of USD:

https://twitter.com/KinesisMonetary/status/1612397...

Is that the same Ghana that is Africa's largest gold producer? The Ghana that is in bed with Russia and uses physical gold as the usual dollar proxy to bypass sanctions and tracking etc? The same Ghana that produces more oil domestically than it uses?

If people are actually serious about investing and making returns then people have to not use Reddit, Twitter or any of that stuff.

[ATM]

This is quite good for a shop. A big shop yes.

[Biggy Stardust]

DonkeyApple said:

Then you have those who buy physical gold. People who will pay huge premiums, take on higher risk just to hold a yellow shiny thing in their hands. Invariably they're hugely over weight in the asset, of average or below income/wealth and tending to hold more extreme political views or fears than is typical.

I had a decent amount of Krugerrands. I bought at a good time without huge premium & recently sold; 35% uplift in 3 years. The money has been reinvested into other things as I don't currently see gold going anywhere much.

I don't see that as overweight, don't consider myself below average income/wealth & don't have extreme politics. As such I disagree with your use of the word "invariably". Anything can be a good investment (or a bad one) subject to timing.

[ATM]

FED now rumoured to be printing to pay reverse repo - it is up to 2.5 Trillion

[DonkeyApple]

Biggy Stardust said:

DonkeyApple said:

Then you have those who buy physical gold. People who will pay huge premiums, take on higher risk just to hold a yellow shiny thing in their hands. Invariably they're hugely over weight in the asset, of average or below income/wealth and tending to hold more extreme political views or fears than is typical.

I had a decent amount of Krugerrands. I bought at a good time without huge premium & recently sold; 35% uplift in 3 years. The money has been reinvested into other things as I don't currently see gold going anywhere much.

I don't see that as overweight, don't consider myself below average income/wealth & don't have extreme politics. As such I disagree with your use of the word "invariably". Anything can be a good investment (or a bad one) subject to timing.

You need to give details on size of trade, cost of trade over the USD and overall net wealth for the purpose of clarity. It remains a sample of one and there is always an excessive premium on USD exposure via gold, it's merely the nature of the product. And ultimately, if the above weren't the reality then coins wouldn't be advertised on daytime TV, tabloid press or extreme belief publications.

[Mr Whippy]

Who is saying that?